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Finland Betting Sites: Current Status & Key Information About Incoming Regulations

Home » Legal News » Finland Betting Sites: Current Status & Key Information About Incoming Regulations
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    Liam Kinsella
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    Liam Kinsella
    Updated 6 months ago 5 min read
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    Liam Kinsella
    Liam Kinsella
    Hi, I’m Liam Kinsella, a 38-year-old Irishman with a lifelong love for sport and a career shaped by the fast-moving world of iGaming. I’ve spent the majority of my professional life in the industry, working across everything from operations and customer experience to product and innovation. My passion for iGaming was sparked when I was a teenager after attending my first race night at Dundalk Stadium. I’ll never forget the atmosphere, the intensity, and the connection people had to the sport. It was electric. That night opened my eyes to a world where entertainment, competition, and community all came together. Since then, I’ve worked with some fantastic teams and brands, helping to create engaging experiences that bring that same thrill to players around the globe. Outside of work, I’m a big sports fan. Rugby, football, racing, even a bit of darts. I’ve also got a soft spot for gardening; there’s something therapeutic about switching off and spending a few hours with the plants. When I’m not outdoors, I’m usually reading - anything from sports biographies to thrillers. I’m proud to be part of the global tech and gaming space, and I’m always looking for new ways to push the boundaries of what iGaming can offer.
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    With growing interest in digital gambling and sports wagering across Europe, Finland has emerged as a market in transition. Long governed by a state monopoly, the Finnish gambling ecosystem is now shifting toward a licensing model. In this article, we explore the current status of Finland betting sites, the role of Finland bookmakers, the upcoming changes to licensed betting sites in Finland, and the broader context of gambling regulations Finland.

    • Gambling in Finland Today
    • Current Situation: Finland Betting Sites and Bookmakers
    • Enforcement and Black Market Activity
    • Gambling Regulations Finland: What’s Changing?
    • Comparison with Other Nordic Markets
    • What This Means for Players and Operators
    • Conclusion

    Gambling in Finland Today

    Gambling in Finland is mostly controlled by Veikkaus Oy, a company owned by the government. It is the only legal operator for sports betting, lotteries, and online casino games.

    Foreign gambling sites are not allowed to advertise in Finland or operate officially. Still, many Finnish players use foreign betting sites because they offer more games and better bonuses.

    Key Facts:

    FeatureStatus in 2025
    Market ModelState Monopoly
    Legal OperatorVeikkaus Oy
    Reform DateLicensing begins in early 2027
    Black Market Share30% to 50% of online gambling
    Estimated Revenue Loss€500 to €550 million per year
    Foreign Ads AllowedNo; blocked by law

    Current Situation: Finland Betting Sites and Bookmakers

    As of mid-2025, all legal Finland betting sites operate under Veikkaus. This includes fixed-odds sports betting, online bingo, digital scratch cards, and virtual slots. Despite this, many Finnish players access foreign betting platforms due to broader game selections, larger bonuses, and more competitive odds.

    These offshore operators remain unlicensed under Finnish law but often offer services in the Finnish language, use EUR, and provide Finnish customer support. While not technically illegal for players, these services are blocked from advertising and financial processing within Finland. However, they are not licensed in Finland and cannot advertise or process payments directly in the country.

    Enforcement and Black Market Activity

    The Finnish National Police Board has ramped up efforts to limit illegal gambling. Enforcement actions have included:

    • Issuing multi-million euro conditional fines (e.g., €2.4M against BML Group Ltd.)
    • Blocking payment processing to unlicensed operators
    • Enforcing DNS/IP blocks
    • Targeting influencers and affiliate marketers promoting offshore betting brands

    Despite these efforts, foreign operators still maintain a strong presence by exploiting legal loopholes. These include passive website accessibility, use of affiliates, and crypto or alternative payment solutions.

    Gambling Regulations Finland: What’s Changing?

    In March 2025, the Finnish government submitted a draft Gambling Act to transition from monopoly to a regulated licensing system by early 2027. The goal is to increase consumer protection, reduce black market activity, and align with EU market norms.

    Planned Licensing Model Features:

    AspectFuture Model (2027 Onward)
    Licensing for Sports BettingAllowed for private operators
    Online Casino AccessPermitted under license
    Tax Rate22% on Gross Gaming Revenue (GGR)
    Exclusion RegisterCentralized and mandatory
    Advertising RulesRestricted, with bonus limitations
    Enforcement AuthorityNew regulatory agency replacing Police Board

    Comparison with Other Nordic Markets

    CountryRegulatory ModelLicensing SinceLegal Market ShareGGR Tax Rate
    Finland 🇫🇮Monopoly (until 2027)2027 Planned~50%22% (planned)
    Sweden 🇸🇪Licensing2019~85%18%
    Denmark 🇩🇰Licensing2012~90%28%
    Norway 🇳🇴MonopolyN/A~65%N/A

    Sweden and Denmark have shown that licensing leads to more control, better consumer protection, and higher tax revenue. Finland hopes to follow the same path.

    What This Means for Players and Operators

    For Finnish players, this reform will lead to access to more legal and competitive platforms. Licensed betting sites in Finland will be able to operate transparently, offering safer gambling environments and better customer protections.

    For international operators and affiliates, 2026 will be a pivotal year as B2C licenses begin to roll out. Those who comply with new gambling regulations Finland will be able to enter a high-potential market legally.

    Conclusion

    Finland betting sites are on the verge of major transformation. As the state monopoly model is phased out, a modern licensing system will pave the way for legal Finland bookmakers and regulated casino platforms. With better enforcement, improved consumer safeguards, and structured tax collection, Finland is poised to join its Nordic peers in creating a balanced and secure online gambling market.

    For anyone interested in the future of licensed betting sites in Finland, staying informed about regulatory developments and licensing opportunities will be essential. As gambling regulations Finland evolve, so too will the landscape for players, operators, and affiliates across the country.

    FAQs About Finland Betting Sites

    Are Finland betting sites currently legal?

    Yes, but only those operated by Veikkaus Oy are legal. Foreign betting sites are not licensed in Finland.

    Can Finnish players use international betting platforms?

    Yes, many do. Although these platforms aren’t licensed in Finland, players can still access them.

    What age must you be to gamble online in Finland?

    You must be at least 18 years old to gamble legally in Finland.

    When will licensed betting sites in Finland start operating?

    Licensing begins in 2026. The first legal platforms from private operators should go live by early 2027.

    What tax rate will licensed operators pay?

    Operators will pay a 22% tax on their gross gaming revenue.

    How big is the black market in Finland?

    Estimates suggest 30% to 50% of online gambling takes place through unlicensed operators. That results in up to €550 million in lost revenue each year.

    What tools does the government use to enforce gambling laws?

    Authorities issue fines, block payments, and restrict access through DNS and IP bans. They also monitor illegal advertising and influencer campaigns.

    Will Veikkaus lose its position in 2027?

    Not completely. Veikkaus will remain active but will need to compete with licensed private companies.

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